Jim,
Well, I have to admit; those old-fashioned IO guys
could turn some potentially very interesting stuff into
the most boring sludge you can imagine sometimes.
Barkley Rosser
-----Original Message-----
From: Jim Devine <[EMAIL PROTECTED]>
To: [EMAIL PROTECTED] <[EMAIL PROTECTED]>
Date: Tuesday, May 30, 2000 6:58 PM
Subject: [PEN-L:19766] Re: Re: Re: Re: Re: Dialectics and nonlinear Dynamics
>
>> That there is some critical level of concentration in any industry at
>> any time that marks the divide is not too surprising. One possible
>> indicator of the divide might be whether prices are "administered" (and
>> hence mostly constant) or not.
>
>there's got to be some sort of critical point between a highly-concentrated
>industry where the oligopolistic interdependencies that encourage appeals
>to game theory play a role and a "workably competitive" industry where they
>don't.
>
>> Bain was the father of a whole line of traditional industrial
>> organization analysis that is now viewed as very passe by modern standard
>> IO types who are more into game theory and such like. Personally I have
>> a lot of respect for the older Bain approach.
>
>I remember people at UC-Berkeley saying that one book by Bain was very
>boring, except when he started discussing the brewery industry, when it
>suddenly got very interesting. They said this flip had to do with Bain's
>alcoholism. He retired from UC-B right when I arrived, perhaps in fear of
>my dogmatic tee-totalism. ;-)
>
>Jim Devine [EMAIL PROTECTED] & http://liberalarts.lmu.edu/~jdevine
>
>
